NZD/USD Outlook (09 March 2020)
2020-03-09 13:59:23
Overall, NZD/USD is trending downwards. Recently, NZD/USD tested and rejected the support level of 0.62200 caused by further fears of the worsening coronavirus outbreak.
Reserve Bank of New Zealand Governor Orr will be speaking tomorrow at 0900 (SGT). During this time, volatility is expected of NZD.
NZD/USD’s next support level is at 0.62200 and the next resistance level is at 0.64000.
Stay out of NZD/USD for now.